Oberoi Realty Set to Make Its Grand Gurugram Debut Before Fiscal Year-End
Mumbai-based luxury real estate giant Oberoi Realty is gearing up for its first-ever project launch in Gurugram, marking a major milestone in the company’s expansion into the Delhi-NCR region. Under the leadership of Vikas Oberoi, Chairman and Managing Director, the company is eyeing a launch before the end of the current fiscal year, with all key approvals nearly in place.
Gurugram Project: A Bold Step into NCR
Oberoi Realty’s entry into Gurugram isn’t just another project it’s a strategic leap into one of India’s most lucrative property markets. During the Q2 FY25 earnings call, Vikas Oberoi confirmed that the company has opened its Gurugram office, underscoring its firm commitment to NCR growth.
He added that the team has loaded the entire TDR (Transferable Development Rights) on the project file, ensuring the development area will be approved in full. The demolition of existing structures has already begun, paving the way for a smooth launch. “We’re hoping to have all plans, including RERA, finalized by early January,” Oberoi shared enthusiastically.
Luxury Redefined: Inside Oberoi’s Upcoming Gurugram Marvel
The upcoming Gurugram project is expected to be ultra-luxurious, offering apartments ranging from 5,000 to 8,000 sq. ft.. This project will mirror the grandeur and architectural excellence of Mumbai’s iconic Three Sixty West, though on a more compact scale.
Oberoi Realty acquired 14.81 acres in Sector 58, Gurugram, in November 2023 for ₹597 crore, with the potential to develop up to 2.6 million sq. ft. of floor area. The location promises unmatched connectivity, premium neighborhood appeal, and a design philosophy centered on open spaces, exclusivity, and elegance.
Why Gurugram? The Strategic Choice
Gurugram, often called the Millennium City, has become a magnet for luxury homebuyers, top corporations, and global investors. Its infrastructure, proximity to Delhi, and thriving business ecosystem make it a natural fit for Oberoi Realty’s brand of premium development.
With rapid metro expansion, new expressways, and world-class amenities, Gurugram’s skyline is evolving at a breathtaking pace. Oberoi Realty’s arrival will further elevate the city’s reputation as the luxury capital of North India.
Oberoi Realty’s Stellar Performance and Expansion Drive
The company’s move into Gurugram comes at a time when its financial performance is stronger than ever. For Q2 FY25, Oberoi Realty reported a 29% year-on-year jump in consolidated net profit, reaching ₹760.26 crore.
Revenue for the same quarter rose to ₹1,844.84 crore, compared with ₹1,358.62 crore a year earlier. This consistent growth demonstrates the company’s robust business model, strong consumer trust, and the growing appetite for luxury housing in India.
What’s Next for Oberoi Realty?
Apart from Gurugram, Oberoi Realty has several exciting projects lined up for the year. The company plans to roll out new towers in Worli, Thane, Borivali, and Goregaon, besides key redevelopment projects in Mumbai.
Oberoi’s Sky City project in Borivali has been a massive success, with units selling for over ₹50,000 per sq. ft. even Bollywood actor Akshay Kumar has invested there. The adjacent Sky City Mall has already reached footfalls equal to its Goregaon counterpart, showcasing the developer’s ability to blend commercial and residential excellence seamlessly.
Expert Insight: Sanjeev Singh, MD, SKJ Landbase
Commenting on Oberoi Realty’s much-anticipated entry into Gurugram, Sanjeev Singh, Managing Director of SKJ Landbase, said:
“Oberoi Realty’s arrival marks a transformative moment for Gurugram’s luxury housing landscape. The brand’s unmatched legacy of premium construction and design excellence will not only raise the bar for upcoming developments but also inspire greater investor confidence in NCR’s real estate market.”
Singh further emphasized that Gurugram’s readiness for high-end developments, combined with Oberoi’s execution prowess, will create a ripple effect across the luxury segment.
Strong Demand and Investor Excitement
Even before the official launch, demand for Oberoi’s Gurugram project is sky-high. Vikas Oberoi revealed that buyers have already shown keen interest some even offering to book early but the company remains fully compliant with RERA guidelines, refusing to accept pre-registrations before approval.
This buzz reflects the strong appetite among buyers for luxury developments by trusted brands, particularly in premium micro-markets like Sector 58.
A New Chapter in Luxury Living
Oberoi Realty’s entry into Gurugram isn’t just about building homes it’s about shaping lifestyles. With meticulous planning, architectural brilliance, and a proven record of timely delivery, the brand is set to redefine what luxury living means in North India.
As the city eagerly awaits this grand debut, Gurugram’s real estate narrative is about to gain a stunning new chapter one that blends Mumbai’s iconic luxury with NCR’s dynamic growth.
Final Thoughts
With approvals nearing completion, construction advancing rapidly, and excitement building up in the market, Oberoi Realty’s Gurugram project promises to be one of the most awaited launches of 2025. As Vikas Oberoi puts it, the demand is already strong and once the gates open, it’s expected to set new benchmarks for design, exclusivity, and living standards.
